Moody's raises its rating on LyondellBasell (LYB) to investment grade, pointing to the plastics...

|About: LyondellBasell Industries N.V. (LYB)|By:, SA News Editor

Moody's raises its rating on LyondellBasell (LYB) to investment grade, pointing to the plastics and chemicals company’s conservative financial policies, strong financial metrics and declining ownership stakes held by Apollo Management and Access Industries. Also, LYB yesterday declared a special dividend of $2.75/share and an interim dividend of $0.40/share.